Is 07410, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 07410 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 07410 was a Seller's Market.

Key Takeaway

07410 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 07410, NJ

How much do homes in 07410, NJ cost?

Median Sold Price

$551,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$99,000(-15.2%)

Key Takeaway

Homes in 07410 have sold for 15.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $300K-
N/A
2 -$519K
N/A
3 $679.8K$655K
-3.7%
4 $555K$551K
-0.7%
5+ $925K$999K
+8.0%

Summary: 07410 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Zip Codes

07514
+58.5%
07663
+35.8%
07410
-15.2%

Housing Supply in 07410, NJ

How many homes are available in 07410, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4047+17.5%

Summary: The 07410 real estate market had 47 homes for sale in November 2024, a 17.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 36
+100.0%
3 1615
-6.3%
4 1418
+28.6%
5+ 68
+33.3%

Summary: The 07410 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
135-61.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 07410, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 07410 in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for 07410, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 07410, NJ

Nearby Markets to 07410, NJ